The US Department of the Treasury on Wednesday imposed sanctions on a United Arab Emirates-based shipping company for violating the G7's $60 per barrel price cap on the trade of Russian crude. The sanctions target Hennesea Holdings, which Treasury said beneficially owns 18 tankers that violated...
TheUS sanctions are in coordinationwith the United Kingdom. Additional sanctions placed on Iranian entities The US is separately sanctioning two additional companies that own and operate a vessel involved in shipping over $100 million in Iranian commodities on behalf of Iran’s Ministry of Defense ...
tankers owned and operated by mainstream companies can carry Russian crude without fear of sanctions, providing documentation proves the cargo was bought at a fob price of less than $60/bl. Urals has been above the price cap for months now,...
A shipping company in Shanghai sanctioned by the US On March 18, the Office of Foreign Assets Control (OFAC) of the US Treasury Department updated its list of sanctions related to Iran. A number of Chinese companies appeared on the list....
U.S. sanctions imposed on Iran's shipping network took effect on Monday, months after they were announced in December following…
"There are parts in there that we can’t do,” said Mike Salthouse, chairman of the sanctions sub-committee with the International Group association, which represents companies that insure about 90 percent of the world's commercial shipping. ...
BEIJING (AP) — The Chinese government placed sanctions on seven companies on Friday in response to recent U.S. announcements of military sales and aid to Taiwan, the self-governing island that China claims as part of its territory. The sanctions also come in response to the recen...
New US sanctions imposed on Russia as a parting shot from Joe Biden’s presidency are already making waves in oil markets, hampering trade in Russian oil, constraining the availability of shipping and forcing buyers to look for alternative “unsanctioned